Walmart Inc. (NYSE:WMT) Shares Acquired by Monument Capital Management

Monument Capital Management boosted its stake in Walmart Inc. (NYSE:WMT) by 23.5% during the first quarter, Holdings Channel.com reports. The fund owned 28,022 shares of the retailer’s stock after purchasing an additional 5,332 shares during the quarter. Monument Capital Management’s holdings in Walmart were worth $1,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP raised its holdings in shares of Walmart by 26.0% during the third quarter. Baker Avenue Asset Management LP now owns 5,324 shares of the retailer’s stock valued at $852,000 after acquiring an additional 1,099 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in Walmart by 30.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 9,414 shares of the retailer’s stock valued at $1,506,000 after purchasing an additional 2,206 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in Walmart by 5.8% in the 3rd quarter. Dana Investment Advisors Inc. now owns 35,987 shares of the retailer’s stock valued at $5,755,000 after purchasing an additional 1,974 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Walmart by 0.3% in the 3rd quarter. Townsquare Capital LLC now owns 58,333 shares of the retailer’s stock valued at $9,329,000 after purchasing an additional 158 shares in the last quarter. Finally, Holderness Investments Co. grew its holdings in shares of Walmart by 1.6% during the third quarter. Holderness Investments Co. now owns 7,201 shares of the retailer’s stock worth $1,152,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock valued at $953,023,399 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.2 %

Shares of WMT stock opened at $68.24 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a 50 day moving average price of $64.57 and a 200 day moving average price of $59.71. The stock has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.93 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Roth Mkm raised their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Citigroup upped their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Bank of America lifted their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Stifel Nicolaus upped their target price on Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday. Finally, UBS Group lifted their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.